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Italy: Industrial production shrinks in August
Latest reading: Industrial production declined 2.4% on a seasonally adjusted month-on-month basis in August, following a 0.4% rise in the prior month, and marking the sharpest decline in eight months.
Relative to the previous month’s data, readings in August softened for manufacturing (-1.9% mom s.a. vs +1.4% in July) and mining and quarrying (-9.1% vs -4.5% in July). In contrast, the reading for electricity, gas, steam and air conditioning improved in August (-0.6% vs -7.6% in July).
On a year-on-year basis, industrial production fell 2.4% in August, following a 0.6% increase in the prior month.
